Revenue and Backlog Growth
Total gross revenue increased over 4% in Q1 with adjusted net revenue rising over 5%. Consolidated backlog increased by 19% year-over-year, indicating strong demand and sales performance.
Adjusted EBITDA Performance
Adjusted EBITDA for Q1 was $282 million, a 24% year-on-year increase, with a strong adjusted EBITDA margin of 13.5%, which is an increase of approximately 200 basis points year-over-year.
Infrastructure and Advanced Facilities Growth
Significant revenue growth was reported in the Infrastructure and Advanced Facilities segment, with notable achievements in water treatment and public transit projects.
PA Consulting Margin Improvement
PA Consulting's operating profit increased by 22.6% year-over-year, demonstrating strong execution despite flat revenue performance.
Share Repurchase Authorization
Board of Directors approved a new $1.5 billion share repurchase authorization, the largest in company history, signaling strong capital return commitments.